Technical analysis on EU,GU and majors

[bhanu545]

EUR/USD Fractal Analysis , Janaury 20, 2011 (Daily Strategy)

EUR/USD

Today, the important levels for EUR/USD are 1.3538, 1.3465, 1.3456. A short-term high is expected in the range of 1.3538-1.3570, An impulsive descendant movement can take place after the breakout of 1.3414, here potential target is 1.3240.

Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD, target at 1.61 2011-01-21

The rally is coming to an end, the pair is most likely to reach new highs this weeks.
This week the GBP/USD has been obviously in the lead.
However, on a week graph the Ishimoku indicator showed a downward signal. It is possible that reaching of the 1.61 level will target sells to 1.5650 before Monday.
I will buy and fixate near 1.6060, and here I am going to place sell orders up to 1.5650 and leave them till Monday.
On a 1-hour graph the RSI is indicating the bullish trend also supported by the MACD, which gave a buy signal in the Asian session.
Thank you for your attention.

Performed by Alexander Sonich, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

EUR/USD wave analysis for January 21, 2011

Having initiated a rollback from the Wednesday’s high 1.3540, the EUR/USD pair is trying to form first waves of the future downward section which can be considered as a corrective structure. At the same time such downside movement might develop in the direction of the correction level 50.0%, which was calculated based on the whole growth of the euro in the section between January 10 and 19.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-01-25

The spot rate is currently testing the upper limit of its medium-term bearish channel at 1.6020. A break of these levels would free up significant potential.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6020 with a 1st objective of 1.6090, then 1.6120. A break in 1.5990 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

EUR/USD wave analysis for January 25, 2011

Having slightly declined in early trading, the EUR/USD pair managed to gain 1.5 figures later in the day. At the same time, now waves 1 and 3 in the estimated are almost equal, based on this soon beginning of formation of the 4th corrective wave in this might be expected. It is worth mentioning that given the current situation, it still might try to reach the target level near 1.3830.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD review for January 27, 2011

On today’s GBP/USD graph I see consolidation.
If the 1.5830 level is broken, further decline to 1.55 with 1.5350 as the next target should be expected.
If the level is not broken, the target will be 1.61.
Sell up to 1.5830, if it is not broken – buy from the 1.5830 level.
Below the 1.58 level consider selling again, but a rebound upside to 1.60 is also possible before the European session, now I see the resistance level 1.5925.
Sell the GBP/USD near 1.5970.

Performed by Alexander Sonich, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

The EUR/USD technical analysis and trading recommendations for January 27, 2011

Overview:
The euro is still in the upside movement, the target level has been already passed, but there are no signs of completing movement. The formed signal is strong and confirmed since the Chinkou Span fixated above the price graph and the price is above the Ishimoku cloud. Thus, at the moment the first target for the upside movement is 1.3748 – the first resistance level. If this level is passed the next target will be the second resistance level at 1.3877. The upside movement continues while the price is above the Kijun-Sen(1.3580), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span fixed above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging again and directed up. The MACD is descending, however, we do not see the price moving down, which means that the indicator is resetting accumulated parameters, therefore it is might not be taken into consideration at the moment.


Trading recommendations:
Currently it is recommended to trade up with the target to 1.3748, and further to 1.3877. Stop Loss should be placed below 1.3580.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD wave analysis for January 28, 2011

The GBP/USD currency pair missed a few pips to reach the 1.6000, initiated a rollback and declined by almost a figure. However, in the current upside section the pound has a real chance to test early highs near 1.6055 and reach 1.6060, having formed a five-wave uptrend structure, developing since December 28. At the same time, the price still has potential to form a more complex inner wave structur of the 4th wave by declining to targets near 1.5700.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

EUR/USD wave analysis for January 28, 2011

During yesterday’s trading the EUR/USD currency pair has finally reached the correction level 76.4%. At the same time, inner wave structure of the 5th wave in the estimated c does not look complete at the moment. It is worth mentioning that complex inner structure of the 5th wave gives the euro an opportunity to continue growth to the respective parity of the waves a and c near the 1.3830 level. However, given strongly overbought indicators, a reverse of the price down after another attempt to pass the 1.3740 – 1.3755 level.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

EUR/USD wave analysis. Week review. 2011-01-31

The EUR/USD has tested the correction level 61.8% and demonstrated an intention to decline in the end of the previous week. Thus, current wave situation considers the beginning of the downside movement as the most likely option. At the same time, if the tendency develops, then January 27 high 1.3755 can be considered as the top of the B wave of a quite prolonged downside correction structure. In this case targets for the future C wave might be located below the January 9 low (1.2870). At the same time, given complex situation on the financial markets, the price might resume growth in favour of the euro by forming a more complex inner wave structure of the estimated wave in the B.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD wave analysis. Week review. 2011-01-31

The GBP/USD pair continued to decline further from the tested level that equals to the correlation between the 1st wave (a) and the 3rd (c) as 2.00. At the same time, the price cannot break outside the boundaries of the upside channel, that began December 28, which allows us to suppose the possibility of continuing uptrend directed to targets above the November high 1.6300 and forming five-wave structure. On the other hand, in case recent dollar-favoured tendencies strengthen, the price might decline further in the range of the future C and reach the targets below this December low at 1.5345.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[bhanu545]

GBP/USD Intraday Technical analysis 2011-02-01

The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.6085 suggesting a decline in the short term. However a break of these levels would release a significant upside potential.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6085 with a 1st objective of 1.6160, then 1.6180. A break in 1.6060 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

EUR/USD Monthly Forecast for February 2011-02-01

MONTHLY OUTLOOK :

It seems that this pair wants to re-test the Triangle Resistance for the fifth time. As long as the 1.3757 level can be broken by this pair, there will be a change in the character of this pair to Bullish at least until November 2010. On the Bar Monthly calender 1.4281 will be the first target before it hits the Triangle Resistance. However if the EUR/USD can break out and close below 1.3545, this will cause this pair to go down to 1.3416 as the first target and 1.3313 as the second target.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

The EUR/USD technical analysis and trading recommendations for February 2, 2011

Overview:
The euro has resumed upside movement, the correction was not deep and the sell signal was not supported by the respective level. The formed buy signal is strong and confirmed since the Chinkou Span fixated above the price graph and the price is above the Ishimoku cloud. Thus, at the moment the first target for the upside movement is 1.3853 – the second resistance level. If this level is passed the next target will be the third resistance level at 1.3958. The upside movement continues while the price is above the Kijun-Sen(1.3720), if the price fixates below this line it is recommended to cut long positions. The Chinkou Span fixed above the price graph, which confirms the current buy signal and indicates bullish sentiment. The Bollinger bands show the continuing upside movement, the lines are diverging and directed up. The MACD is ascending, which indicates current upside movement.


Trading recommendations:
Currently it is recommended to trade up with the target to 1.3853, and further to 1.3958. Stop Loss should be placed below 1.3720. If the MACD reverses down, long positions should be cut manually.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

GBP/USD. Weekly Analysis, For February 2, 2011

GBP/USD

For GBP / USD the Significant Levels are:

1.6477 1.6299, 1.6106, 1.5998,1.5912 and 15825,


The upward movement is expected after the breach of the last maximum of 1.6230 in this case the partial objective is 1.6480 and as our final objective we find the monthly resistance 1.6890

A downward correction is possible after drilling the 1.6130 level, our goal potential is in support number1 monthly 1.5820.


Trading recommendation:

Buy: 1.6255 Take profit: 1.6480 and 1.6890

Sell: 1.6130 Take profit: 1.5820

Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

The EUR/USD technical analysis and trading recommendations for February 4, 2011

Overview:
The euro has resumed upside movement and started a correction; the signal weakened as the price fixed below the Kijun-sen. The formed buy signal was strong and confirmed initially, but at the moment it is weak since the Chinkou Span fixated below the price graph and the price is below the Ishimoku cloud. It is obvious that everything indicates cancellation of the upside movement and formation of a sell signal. Thus, at the moment it is recommended to wait until the sell signal is formed and confirmed, in this case the first target for the downside movement is 1.3514 – the first support level. If this level is passed the next target will be the second support level at 1.3417. The Chinkou Span fixed below the price graph, which does not confirm the current buy signal and indicates bearish sentiment. The Bollinger bands show the beginning of the downside movement, the lines are diverging and directed down. The MACD is descending, which indicates current downside movement.

Trading recommendations:
Currently it is recommended to wait until the sell signal is formed and trade down with the target to 1.3514, and further to 1.3417. Short positions should be cut if the MACD reverses up.

Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

GBP/USD Bearish Outlook ,February 04, 2011

GBP/USD

The British Pound - United States dollar pair executed a sharp rise the day yesterday reaching a record high of 1.6250, after it had retreated 130 pips and then close the day around 1.6130. Its failure to close over the 1.6200 resistance level is, in and of Itself, a sell signal.

We note the Japanese reversal pattern That shape with yesterday's daily lock.

In view that the pair has broken its support level of 1.6130 is a signal for an immediate entry into a sale agreement with two realization Goals, the first at 1.6010 and 1.5820 at the second United States dollars for one British pound.


Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

GBP/USD candlestick analysis for February 7, 2011

The GBP/USD is rolling back after an unsuccessful attempt to test the Fibonacci correction level 23.6.
Earlier on a 4-hour graph the GBP/USD pair formed a candlestick combination Bearish Engulfing, which indicates downside movement, confirmed further.
This candlestick combination has formed after the pair failed to break the resistance level near 1.6280, which means that the bulls could not solidify here. Further the bears started to increase their influence.
Break of the Fibonacci correction level 23.6 will prove this viewpoint. In this case downside movement to 1.5800-1.5750, where Fibonacci correction level 50.0 is also located, should be expected.
Bearish divergence on the Stochastic Oscillator supports downside movement as well.
Stop loss should be placed slightly above 1.6280 as breakthrough of this level will target the pair to 1.6457.

Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011

 

[bhanu545]

EUR/USD wave analysis for February 7, 2011

Most of the day the EUR/USD currency pair has been staying near the 1.3620 level and only in the afternoon it managed to decline 60 pips. However, such insignificant decline allowed the price to form almost complete 5-wave structure, which is probably a part of the a wave of a more continuous future downside correction. If so, after the 5th wave in the estimated a is formed we can expect the price to go up to the 37 figure levels.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011

 

[patmana]

HI can i get your indicator please. It make me more undertood